Is Oronoko Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Oronoko Charter Township has remained a Seller's Market.
Housing Prices in Oronoko Charter Township, MI
How much do homes in Oronoko Charter Township, MI cost?
Median Sold Price
$278,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Oronoko Charter Township was $278,000 in March 2024, up 4.9% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $161.5K | $160K | -0.9% |
3 Bedrooms | $230K | $229.9K | 0% |
4 Bedrooms | $265K | $385K | +45.3% |
5+ Bedrooms | $275.5K | $305K | +10.7% |
Summary: Oronoko Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 45.3%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
Berrien Township | $225K | $377.5K | +67.8% |
Berrien Springs | $248.9K | $325K | +30.5% |
Oronoko Charter Township | $265K | $278K | +4.9% |
Sodus Township | $254.3K | $210K | -17.4% |
Sodus | $254.3K | $201.5K | -20.8% |
Housing Supply in Oronoko Charter Township, MI
How many homes are available in Oronoko Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Summary: The Oronoko Charter Township real estate market had 16 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Oronoko Charter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Oronoko Charter Township in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Oronoko Charter Township, MI
How long does it take to sell a home in Oronoko Charter Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 203 Days | +284.1% |
Summary: Homes in Oronoko Charter Township had an average of 203 days on market in Mar 2024, up by 284.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Oronoko Charter Township; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.